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Inclusions specified in Section 15(2) which could be added to Transaction Value

The inclusions specified in Section15 (2) which could be added to transaction value are as follows:

a) Any taxes, duties, cesses, fees and charges levied under any statute, other than the SGST/CGST Act and the Goods and Services Tax (Compensation to the States for Loss of Revenue) Act, 2016, if charged separately by the supplier to the recipient;

b) Any amount that the supplier is liable to pay in relation to such supply but which has been incurred by the recipient of the supply and not included in the price actually paid or payable for the goods and/or services;

c) Incidental expenses, such as commission and packing, charged by the supplier to the recipient of a supply, including any amount charged for anything done by the supplier in respect of the supply of goods and/or services at the time of, or before delivery of the goods or as the case may be supply of the services;

d) Interest or late fee or penalty for delayed payment of any consideration for any supply; and

e) Subsidies directly linked to the price excluding subsidies provided by the Central and State Government.

As per section 15(2) the value of supply shall include:
(d) interest or late fee or penalty for delayed payment of any con...

As per section 15(2) the value of supply shall include:
(e) subsidies directly linked to the price excluding subsidies
pro...

Exclusion of discount in Transaction Value
Section 15(3)(a) of Model CGST/ SGST Act, 2016:
Discount given before or at tim...

Section 15(3)(b) of Model CGST/ SGST Act, 2016:
Discount given AFTER supply

As per section 15(4): Where the value of the supply of goods or services cannot be determined
under sub-section (1), the s...

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